Post Content

Governor Deval Patrick today announced a state-federal partnership to advance the Somerville Assembly Square Project. Joined by Senator John Kerry,Congressman Mike Capuano, and Somerville Mayor Joseph A. Curtatone, the Governor said more than $65 million in state bond and federal stimulus funds will support the public infrastructure improvements needed to accelerate a development project and create thousands of permanent jobs and long-term regional economic growth.

The Governor has committed $50 million as the state’s first project supported by Infrastructure Investment Incentive Program (I-Cubed) program bonds. I-Cubed creates a partnership between a developer, a host community and the state, helping municipalities and developers fund street, sidewalk, water and sewer and other infrastructure projects that ignite private development and stimulate the state’s economy. These funds will support public infrastructure improvements at the project.

The Congressional delegation and the Governor have also committed to using $15 million in American Recovery and Reinvestment Act (ARRA) Highway Transportation funding to complete the necessary infrastructure improvements for the mixed-use project.

A large, multi-phase project to be completed over several years, the Assembly Square project will ultimately result in 1.75 million square feet of office space, 1.15 million square feet of retail space including a new hotel, 2,100 rental and ownership condominium housing units and a new MBTA Orange line stop.

Learn more about Governor Patrick's Massachusetts Recovery Plan.

Written By:

Recent Posts

MBTA: Year-Round Student Pass Program About to Begin posted on Aug 30

MBTA: Year-Round Student Pass Program About to Begin

Under an expansion of the Student Pass program approved by the MBTA’s Fiscal and Management Control Board, effective September 1, students with a Student CharlieCard will pay half-price per trip on all modes of transit and may obtain a monthly bus and subway pass for   …Continue Reading MBTA: Year-Round Student Pass Program About to Begin

MBTA Hires Chan to Oversee Real Estate Assets posted on Aug 30

MBTA Hires Chan to Oversee Real Estate Assets

The MBTA has hired Janelle Chan as the Authority’s new real estate manager.  Chan, who holds advanced degrees from both Harvard University and the Massachusetts Institute of Technology (MIT), will oversee management of the T’s real estate interests. In line with Governor Charlie Baker’s Open   …Continue Reading MBTA Hires Chan to Oversee Real Estate Assets

MassDOT, MAPFRE: Highway Assistance Patrol posted on Aug 29

MassDOT, MAPFRE: Highway Assistance Patrol

Posted by: Patrick McDonald, CPCU, AIM, AIS, Executive Vice President – Business & Clients, MAPFRE Insurance MAPFRE Insurance sponsors the MassDOT Highway Assistance Patrol (HAP) program and reminds motorists that during Labor Day weekend many Massachusetts drivers will be taking their last vacations of the   …Continue Reading MassDOT, MAPFRE: Highway Assistance Patrol